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Jul 22, 2011
07/11
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in order to reach a reduction of $30-a 40 billion euros. -- 30-40 billion euros. >> german banks hold about 24 billion euros of greek debt and are the second biggest creditor debt. the biggest are the french banks with more than 39 billion euros of greek dead. all of the same, if the plans go ahead, rating agencies could declare greece in partial default. -- the biggest other french banks with more than 30 million euros of greek debt. >> investors speculated that european union will extend a bailout for greece. our correspondent sent us this from the frankfurt stock exchange. >> many important details are missing from the picture at the end of the trading day here in frankfurt but what was known was enough to make the tax code from a minus to a plus. -- the dax go from a minus to a plus. one assumes that the financial institutions are not going to have to participate or pay as much as was feared before this meeting in brussels. one assumes that there will be more stability, more solidity in the financial system and the strengthening of the european bailout fund. >> we can stay for a l
in order to reach a reduction of $30-a 40 billion euros. -- 30-40 billion euros. >> german banks hold about 24 billion euros of greek debt and are the second biggest creditor debt. the biggest are the french banks with more than 39 billion euros of greek dead. all of the same, if the plans go ahead, rating agencies could declare greece in partial default. -- the biggest other french banks with more than 30 million euros of greek debt. >> investors speculated that european union will...
SFGTV2: San Francisco Government Television
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Jul 11, 2011
07/11
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SFGTV2
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there is a limit on tariffs. 5 euros is enough. [inaudible] most business people are afraid that making parking more expensive will actual impact their ability to do business -- will actually impact their ability to do business. >> it also depends on the sort of business and the sort of street. for instance, if the go on the street where gucci is and so on, and you need enough parking spaces. >> with the chairman of the society of amsterdam, they are also supporting this approach. they realize if they just press on the car accessibility only, in the end there will be no excess ability at all. they support strongly that only the people who need to come by car, they should be able to come, and the rest should make other choices. >> i think we are more or less at the stage where we are facing the same discussion. our experience is that a platform of business is much more open to try to find solutions which are not car- related, except for here and there. also, for the population, it is hard. they have in mind, if you are better off to
there is a limit on tariffs. 5 euros is enough. [inaudible] most business people are afraid that making parking more expensive will actual impact their ability to do business -- will actually impact their ability to do business. >> it also depends on the sort of business and the sort of street. for instance, if the go on the street where gucci is and so on, and you need enough parking spaces. >> with the chairman of the society of amsterdam, they are also supporting this approach....
SFGTV2: San Francisco Government Television
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Jul 18, 2011
07/11
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SFGTV2
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there is a limit on tariffs. 5 euros is enough. [inaudible] most business people are afraid that making parking more expensive will actual impact their ability to do business -- will actually impact their ability to do business. >> it also depends on the sort of business and the sort of street. for instance, if the go on the street where gucci is and so on, and you need enough parking spaces. >> with the chairman of the society of
there is a limit on tariffs. 5 euros is enough. [inaudible] most business people are afraid that making parking more expensive will actual impact their ability to do business -- will actually impact their ability to do business. >> it also depends on the sort of business and the sort of street. for instance, if the go on the street where gucci is and so on, and you need enough parking spaces. >> with the chairman of the society of
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Jul 23, 2011
07/11
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the euro stocks 50 finishing higher. -- the euro stoxx 50 finishing higher. on currency markets, the euro traded lower against the dollar at a value of one u.s. $40 3 cents. -- $1.43. >> the on voice of north and south korea met on the sidelines. -- the invoice -- the envoys of north and south korea meet to discuss the north korean nuclear program. they are looking to renegotiate in exchange for humanitarian assistance. muammar gaddafi has redacted any negotiations with rebel representatives. in an audience -- in an audio address, he said that there would be no talks between him and the rebels until judgment day. the rebels have also rejected negotiations. the african union has been pushing for a negotiated settlement to the standoff. a ban on women wearing a full body fail or burqa comes into force in belgium making it the second european country to enforce this. the legislators voted in favor of the band in april. the council of the human rights commission has condemned the move and they said it was a sad capitulation to xenophobia. >> this could be one of
the euro stocks 50 finishing higher. -- the euro stoxx 50 finishing higher. on currency markets, the euro traded lower against the dollar at a value of one u.s. $40 3 cents. -- $1.43. >> the on voice of north and south korea met on the sidelines. -- the invoice -- the envoys of north and south korea meet to discuss the north korean nuclear program. they are looking to renegotiate in exchange for humanitarian assistance. muammar gaddafi has redacted any negotiations with rebel...
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Jul 6, 2011
07/11
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the total value could be well over 300 billion euros. the scale of such loans could pose a threat to china of's entire banking system and the risk exposure could change the credit outlook. the trade manufacturer has plans to cut more than 1400 jobs. a move that will eliminate half of the entire work force. the decision comes after they failed to win a major contract to build more than 1000 train carriages in britain. >> of the contract is part of the plan to upgrade the rail lines. the consortium won the final better. the contract calls for the construction ofá 1200 train carriages. ththe deal is worth a total of about 4 billion euros. the first carriages are delivered in 2015. the transport minister says it represents the best value for tax payers. the product rule create 2000 new jobs in the u.k. operations and three of the supply chain. >> have posted rerd half your sales. selling more than 660,000 vehicles a between january and june. an increase of almost 10%. sales were fueled by china, india, and russia. sales actlly dropped in ge
the total value could be well over 300 billion euros. the scale of such loans could pose a threat to china of's entire banking system and the risk exposure could change the credit outlook. the trade manufacturer has plans to cut more than 1400 jobs. a move that will eliminate half of the entire work force. the decision comes after they failed to win a major contract to build more than 1000 train carriages in britain. >> of the contract is part of the plan to upgrade the rail lines. the...
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Jul 10, 2011
07/11
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. >> a horn like that is worth 25,000, 30,000 euros perkier kilo. this would be worth 100,000. >> the foreign poachers have several museums. among them was the natural history museum. its main attraction enjoys high security. >> the horn was located here on this upper shelf. it is obvious where these things at end up. it is in eastern asia, where there is a big demand. it is the source of these robberies. people pay a lot of money for chinese alternative medicine, and that is where the job orders come from. >> the belief that powdered rhino horn has sexually stimulate properties is particularly widespread in eastern aged, where there is a black market for the product -- in eastern asia, where there is a black market for the product. it is becoming increasingly popular in europe. >> the problem is the medicinal use of rhino horn. that stems from the preferred a belief that rhino horn it is a big thing that points upwards. that, of course, leads to such perversions that have nothing to do whatsoever with the additional usage -- with medicinal usage. >
. >> a horn like that is worth 25,000, 30,000 euros perkier kilo. this would be worth 100,000. >> the foreign poachers have several museums. among them was the natural history museum. its main attraction enjoys high security. >> the horn was located here on this upper shelf. it is obvious where these things at end up. it is in eastern asia, where there is a big demand. it is the source of these robberies. people pay a lot of money for chinese alternative medicine, and that is...
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Jul 17, 2011
07/11
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the fee is 4500 euros. how long will it take to get pregnant? >> it will basically take about seven weeks. it goes pretty quickly. >> the baby will have another woman's genetic material and the child will ask questions sunday, but she says there is no doubt who will be the baby's mother. >> it is going in my moon -- my womb. i will see the heart beat after the sixth week. i am trembling with anticipation. >> check doctors said the germans come to the clinic every day and that he can promise them what german doctors cannot. now they have to donate the sperm. >> you are not coming in, are you? >> they want to avoid creating a marketn germany that would take advantage of women who need money. emphasizing her motivation, it is to help childless couples. >> yes, i get money. >> 20,000 czech crowns. about one month of wages. but it is not my main motivation. the money is an added bonus. like icing on the cake. >> those that oppose a donation warren of the health risks to donors. nonetheless, she plans to donate eggs a few days from now. back to the cl
the fee is 4500 euros. how long will it take to get pregnant? >> it will basically take about seven weeks. it goes pretty quickly. >> the baby will have another woman's genetic material and the child will ask questions sunday, but she says there is no doubt who will be the baby's mother. >> it is going in my moon -- my womb. i will see the heart beat after the sixth week. i am trembling with anticipation. >> check doctors said the germans come to the clinic every day and...
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Jul 9, 2011
07/11
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the euro is down against other major currencies. german media reports say deutsche bank is fast tracking the process of finding the successor to the ceo after dragging its feet on the issue for months. one option would be to appoint co-chief executives. there are several top candidates within the bank. the head of it regional management division is another possible candidate. reports say the supervisory board will be holding talks over the weekend to discuss the succession process. it is over to italy and back to you. >> itaan prime minister has id hwill n run for office again when his term expires in 2013. in an interview with an italian newspaper, he named the justice minister as his preferred successor. silvio berlusconi's popularity has plummeted amid allegations of corruption and sex with an underage prostitutes. he rejects the allegations. the alliance suffered major losses in the local elections. prosecutors in france and started a preliminary investigion into the colain ainst dominique rauskahn filed by the french writer who
the euro is down against other major currencies. german media reports say deutsche bank is fast tracking the process of finding the successor to the ceo after dragging its feet on the issue for months. one option would be to appoint co-chief executives. there are several top candidates within the bank. the head of it regional management division is another possible candidate. reports say the supervisory board will be holding talks over the weekend to discuss the succession process. it is over...
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Jul 8, 2011
07/11
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million euros in 2010. the former number one, the deutsche bank chief. he managed to pull in just 8.9 million euros last year. don't feel too sorry for him. >>> turning to sports, in cycling is, the writer from norway has one stage six of the toward a france. a critic of the tour de france. this year stage was the longest, 226 kilometers. the bicyclist who came in third has the overall lead and the >>> other > > -- and the yellow jersey. >>> the world premiere of the final. potter film is being held in london tonight. thousands of fans turned out to say farewell to the characters who have grown up over the last 10 years. >> the boy wizard himself. in front of the fans. like many of them, he has come of age with harry potter movies. before the premiere in london, he had no comment on his alter ego. his co-stars had more to say. >> i will miss my character. >> ron became her love interest. >> it is such a huge part of my life. >> thousands of fans came from far and wide for the premiere of "the deathly hallow
million euros in 2010. the former number one, the deutsche bank chief. he managed to pull in just 8.9 million euros last year. don't feel too sorry for him. >>> turning to sports, in cycling is, the writer from norway has one stage six of the toward a france. a critic of the tour de france. this year stage was the longest, 226 kilometers. the bicyclist who came in third has the overall lead and the >>> other > > -- and the yellow jersey. >>> the world premiere...
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Jul 5, 2011
07/11
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CSPAN2
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if you have a debt in euros, that debt remains in euros. if tomorrow you get out of the euro the first thing that happens when you get out of the euro is that the national currency will be devalued compared to the euro. if your national currency is devalued your debt stock increases mechanically of the level of the devaluation of the euro. that is to say, people who are advocating the exit of the euro are advocating the tripling or doubling of the debt of the french. it is crazy. i don't know if you understand me enough. and i also think that the euro is a formidable progress in the european construction. it is europe and if we're no longer in europe, well then it is confrontation. who thinks that alone we would be stronger to face the world as hard as it is? the competition in the world? no. these are, it's, it's inane. it's completely crazy. i mean i understand the reality of politics. i was part of it. but there are limits. and the limit is responsibility. and it's the general interest. that's what it is. there's a limit. but also, say t
if you have a debt in euros, that debt remains in euros. if tomorrow you get out of the euro the first thing that happens when you get out of the euro is that the national currency will be devalued compared to the euro. if your national currency is devalued your debt stock increases mechanically of the level of the devaluation of the euro. that is to say, people who are advocating the exit of the euro are advocating the tripling or doubling of the debt of the french. it is crazy. i don't know...
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Jul 22, 2011
07/11
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currently the euro-yen with the 113 level. though it did dip to 112 earlier this morning. yen now at mid level. that dollar yen is still a key trade for n tokyo because in new york selling pressure on the dollar pushed the green back down against the yen which traded at low level. that trend continued during early morning trading here in tokyo, with the dollar at one point falling to 78.2. global day traders will turn their attention to what is happening in united states where discussions are still underway for a deal among lawmakers thp p thap means the dollar could be swayed either way and that could affect exported shares today. that's all from me. back to you in the studio. >> thank very much, emily. em pi . >>> focus will be on expanding sales of plat panel televisions and personal computers in the booming market. toshiba announced a new business plan at a news conference in the capitol new delhi on thursday. they will set up a new team later this month at its indian headquarters to develop product exclusively for the local market. the company is seeing sluggish sales
currently the euro-yen with the 113 level. though it did dip to 112 earlier this morning. yen now at mid level. that dollar yen is still a key trade for n tokyo because in new york selling pressure on the dollar pushed the green back down against the yen which traded at low level. that trend continued during early morning trading here in tokyo, with the dollar at one point falling to 78.2. global day traders will turn their attention to what is happening in united states where discussions are...
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Jul 2, 2011
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our debt is in euro. getting out of the euro would double or triple going out of the euro. i have not heard this argument a lot. but you have a debt in euro, it remains in euro the national currency will be devalued and your debt increases mechanically to the level of the euro. they are advocating doubling or tripling the level of the debt. i do not know if you understand me. the euro has made formidable progress. if we are no longer in europe, well then, it is a confrontation. who thinks alone we would be stronger to face the world with all of the competetion? no. it is inane, completely crazy. i understand the reality of politics. there are limits. the limit is responsibility. it is the general interest. there is a limit, but also to say we have commited ourself to reduce our debt, no one can question us on that. nobody. of course, the greek will have to make efforts, both the majority and the minority. the project made is being debated right now as one of the elements we have to be positive. we are not the alpha and the omega. >> mr. president, in your introduction, you
our debt is in euro. getting out of the euro would double or triple going out of the euro. i have not heard this argument a lot. but you have a debt in euro, it remains in euro the national currency will be devalued and your debt increases mechanically to the level of the euro. they are advocating doubling or tripling the level of the debt. i do not know if you understand me. the euro has made formidable progress. if we are no longer in europe, well then, it is a confrontation. who thinks alone...
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Jul 15, 2011
07/11
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senators approved the 47 billion euro for your package by a comfortable margin. the lower house is expected to pass it on monday. the high debt burden has raised concerns italy could be the next eurozone nations to need an emergency bailout. our roving correspondent has been following that debate in the senate for us. -- our rome correspondent has been following the debate in the senate for us. how does austerity look for ordinary italians? >> the big weakness of this budget is it puts off some many of the cuts and tax increases until 2013, 2014. that is not coincidental. there is a general election in june 2013. all of this will have to be done by the next government. in the meantime, there is going to be a gaming tax, increased health charges, cuts in pensions, but only for the highest pensions -- and in italy, pensions are pretty generous. this is not a budget which in the short-term is going to lead anybody into destitution. >> in other news, syrian pro- democracy activists say government forces have killed at least nine people as protests against the preside
senators approved the 47 billion euro for your package by a comfortable margin. the lower house is expected to pass it on monday. the high debt burden has raised concerns italy could be the next eurozone nations to need an emergency bailout. our roving correspondent has been following that debate in the senate for us. -- our rome correspondent has been following the debate in the senate for us. how does austerity look for ordinary italians? >> the big weakness of this budget is it puts...
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Jul 1, 2011
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euro stoxx ended higher. the same reaction on the other side of the lentic with the -- either side of the atlantic with the dour trading up. the commission is asking for the power to tax the budget. they would like to introduce a 1% sales tax and a levy on financial transactions. the proposed taxes would allow the block to raise their own monday rather than relyingn funding from memember states to enter germany, france, britain have signaled their opposition to the plan. >> it was a free day from school for many students in the u.k. not because of summer holidays but because teachers along with other public-sector employees wentn strike. the protesters are angry about the plan for pension reform as well as overall spending cuts. the british prime mininistedavid cameron denies the strike action as irresponsiblele. -- denounced the strike action as iesponsible. >> 150,000 public sector employees joined the marchersrs included government workers and teachers. they were protesting about an increase in the pension
euro stoxx ended higher. the same reaction on the other side of the lentic with the -- either side of the atlantic with the dour trading up. the commission is asking for the power to tax the budget. they would like to introduce a 1% sales tax and a levy on financial transactions. the proposed taxes would allow the block to raise their own monday rather than relyingn funding from memember states to enter germany, france, britain have signaled their opposition to the plan. >> it was a free...
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Jul 30, 2011
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. -- 56 6 million euros. electrical engineering in asia and steel manufacturing, but they're still sticking with their cost-cutting programs. >>> eads says its earnings for the first six months of the year are down about 40%. mostly due to a onetime charge because of the strong europe. eads is the parent company of airbus, and strong sales of jets helped offset the loss. the company has booked record purchases of its 8-320 jet, a more fuel-efficient version of the earlier model -- a-320 jets. >>> markets remain on edge amid fears that the u.s. will go into default, adding to their biggest weekly loss in almost a year. the benchmark dax index lost almost 0.5%. it euro stoxx 50 post to 1% -- but dropped 1%. the dow jones industrials also closed in negative territory. the currency markets, the euro is trading at $1.4371. >>> the u.s. debt crisis is pushing gold prices higher. they hit records in recent days as a safe haven for cash. the goodness for gold producing countries like south africa. but now goldminers
. -- 56 6 million euros. electrical engineering in asia and steel manufacturing, but they're still sticking with their cost-cutting programs. >>> eads says its earnings for the first six months of the year are down about 40%. mostly due to a onetime charge because of the strong europe. eads is the parent company of airbus, and strong sales of jets helped offset the loss. the company has booked record purchases of its 8-320 jet, a more fuel-efficient version of the earlier model --...
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Jul 28, 2011
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the euro is trading for one u.s. $4358. -- $1.4358. the disaster in japan is taking a hold of a german jet carrier. high fuel prices also cut into profits. last year, it posted a profit of over 878 million euros. now some sports. >> get ready to get the torch out. in just 355 days, the summer olympics open in london. the 2012 games will be the third time the british capital has hosted the world's top athletes. more than 10,000 are expected to compete. we take a look at london's preparations. >> this synchronized team put on a spirited show for the delegation. the hosts of next year's olympics are confident they are doing a good job. >> that water looks good enough to drink. it is clean and clear. there is nothing floating at the bottom. >> almost all of london's facilities are complete, including a slalom center set to open soon for preliminary competitions. the city both tried and tested venues from wimbledon to wembley stadium. the organizers in london are more prepared than many of their predecessors, but the work is not over. >> yo
the euro is trading for one u.s. $4358. -- $1.4358. the disaster in japan is taking a hold of a german jet carrier. high fuel prices also cut into profits. last year, it posted a profit of over 878 million euros. now some sports. >> get ready to get the torch out. in just 355 days, the summer olympics open in london. the 2012 games will be the third time the british capital has hosted the world's top athletes. more than 10,000 are expected to compete. we take a look at london's...
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Jul 21, 2011
07/11
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she only gets a pension of about 500 euros a month as to about 40% of italian retirees. she is worried about the impending cutbacks. >> unfortunately, we're in a very bad situation. the government should think about things better and examine their consciences. >> the government bonds austerity package will mean more hardships for the elderly and the sick. -- the government's austerity package will mean more hardships. >> how my supposed to get by on 500 euros a month? well i have to start paying for medicine? i need the medicine every 20 days. >> many people are expected an increase in their cost of living. taxes and prices are set to rise and times will get tougher for the country's retirees. >> a german energy giant is pushing for a nationwide network of smart farmers. landholders to diversify in renewable energy. the trouble is that in a base system that controls the sporadic production of electricity from wind, solar, and biogas. we have set up base margaret in the district's of western germany. >> -- we have set up a base in the districts of western germany. >> this
she only gets a pension of about 500 euros a month as to about 40% of italian retirees. she is worried about the impending cutbacks. >> unfortunately, we're in a very bad situation. the government should think about things better and examine their consciences. >> the government bonds austerity package will mean more hardships for the elderly and the sick. -- the government's austerity package will mean more hardships. >> how my supposed to get by on 500 euros a month? well i...
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Jul 21, 2011
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the euro is trading at $1.42. consumers enjoy more rights regarding information on what they eat in europe. the consumer information act aims to guarantee fast and free information on food products. to expedite the process, more information is provided to the website which began a new service this wednesday. >> what is really in this meal, from now on the german customers lot is at the trust the manufactures packaging. they will be able to check online using a new web site. >> they are confronted with products that they don't understand. products that allow advertising that is unreliable. >> the food industry has criticized the move. they fear that some products could end up getting blacklisted. those fears are unfounded according to the german ministry. >> german-made food has an excellent reputation around the world. that is a valuable commodity that the government and industry should seek to maintain. >> germany is one of five european countries whose population spent less than 10% of their income on food. that
the euro is trading at $1.42. consumers enjoy more rights regarding information on what they eat in europe. the consumer information act aims to guarantee fast and free information on food products. to expedite the process, more information is provided to the website which began a new service this wednesday. >> what is really in this meal, from now on the german customers lot is at the trust the manufactures packaging. they will be able to check online using a new web site. >> they...
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Jul 26, 2011
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on average, women spend around 850 euros on clothing last year. men around half that amount. >> that is all from the business desk at this hour. do stay with us.
on average, women spend around 850 euros on clothing last year. men around half that amount. >> that is all from the business desk at this hour. do stay with us.
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Jul 13, 2011
07/11
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in the currency markets, the euro dipped below the one euro 40 mark. record numbers of for germany pause biggest airport. frankfurt international handled more passengers in june than ever before in this time of year. more than 5 million people landed and took off from the airport. the airports owner also registered strong growth at its foreign operations stretching from turkey to -- air freight shipments dropped by almost 6 1/2% to 180,000 tons. >> and blast has hit an egyptian pipeline that transports gas to israel and jordan. attacker's blow up a distribution system. this is the fourth time that this is happened this year. it comes a day after egypt announced the resumption of gas supplies to israel following a previous attack on the fourth of july. the u.n. security council has condemned attacks by the pro- government mons in syria on the u.s. and french embassies in damascus. the council called on the government to protect diplomatic properties. germany says it will push for a resolution against the syrian crackdown on anti-government protesters. >
in the currency markets, the euro dipped below the one euro 40 mark. record numbers of for germany pause biggest airport. frankfurt international handled more passengers in june than ever before in this time of year. more than 5 million people landed and took off from the airport. the airports owner also registered strong growth at its foreign operations stretching from turkey to -- air freight shipments dropped by almost 6 1/2% to 180,000 tons. >> and blast has hit an egyptian pipeline...
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Jul 22, 2011
07/11
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they are expected to take some losses and contribute around 37 billion euros. as a result, rating agencies could declare greece to be in default. the focus will now fall on greece as to whether even with this extra funding its debt mountain can come down. >> we now have a program and a package of decisions which create a sustainable path for greece, a sustainable debt management for greece. >> have the leaders than enough to end the crisis that for 18 months has threatened the single currency? >> now to a development on the phone hacking scandal. we have learned that a senior journalist at the sun newspaper has been fired in connection with phone hacking. in a separate development, two former executives have directly contradicted evidence given to the british parliament on tuesday by james murdoch. the business editor has more. >> we had a very potentially important development tonight when the former "news of the world," editor and of the former legal added there -- legal editor put out a statement contradicting evidence that james murdoch gave to the committe
they are expected to take some losses and contribute around 37 billion euros. as a result, rating agencies could declare greece to be in default. the focus will now fall on greece as to whether even with this extra funding its debt mountain can come down. >> we now have a program and a package of decisions which create a sustainable path for greece, a sustainable debt management for greece. >> have the leaders than enough to end the crisis that for 18 months has threatened the...
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there's a really very serious threat to the euro my to disintegrate and the goes on much collapse it's already too late to save the greek economy according to a majority of leading economists and experts hold see greece is really going down the drain completely the depth is escalating the deficit is start totally out of control and i could give you the analogy but they were like somebody with a gambling problem or a drink. a drink but. it's a cultural thing so no we find ourselves with someone with a drink problem but with a huge debt as well and the problem will only ever get worse until you actually confront reality and say look they don't fit in the or as not going to fit together with germany in one single your politicians the richest states have big blue tooth refuse to foot the bill well i don't think i've ever met anybody in the united kingdom in london market stations who actually wants to contribute to the bilateral countries like greece and italy and contribute to the continued existence of a hero because i think it's a stupid idea to start with and it just struck the money d
there's a really very serious threat to the euro my to disintegrate and the goes on much collapse it's already too late to save the greek economy according to a majority of leading economists and experts hold see greece is really going down the drain completely the depth is escalating the deficit is start totally out of control and i could give you the analogy but they were like somebody with a gambling problem or a drink. a drink but. it's a cultural thing so no we find ourselves with someone...
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Jul 21, 2011
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greece needs in new funding of well over 110 billion euros. the first rescue only increased their debt to 350 billion euros. that is 170% of gdp. the two leaders are likely to agree to make the debt more bearable perhaps by laurie the interest rates. -- lowering the interest rates. >> a great amount of the german money goes to say the countries that can be saved. that is contrary to what germany wants. >> many german taxpayers are irritated. this time around, the german chancellor has insisted that the private sector contribute to a new bailout and take some losses and reduce creases debt. -- reduce greece's debt. >> the issue is whether this will be achieved now or at a later point and time. now, we're still muddling through and we will not have a decision. >> in any event, if the banks except losses, a default might be declared and settle in the markets further. -- and on saddle -- unsettle the markets further. italy is too big to be rescued. >> the u.s. says they will allow its 8 to be sent to areas of somalia controlled by of an islamist m
greece needs in new funding of well over 110 billion euros. the first rescue only increased their debt to 350 billion euros. that is 170% of gdp. the two leaders are likely to agree to make the debt more bearable perhaps by laurie the interest rates. -- lowering the interest rates. >> a great amount of the german money goes to say the countries that can be saved. that is contrary to what germany wants. >> many german taxpayers are irritated. this time around, the german chancellor...
WHUT (Howard University Television)
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Jul 1, 2011
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germany's institutions confirmed they will help to the tune of 3 billion euros. k chief has been working on a plan. >> we are taking the french bases of a model of building and modifications. we hope we will find a satisfactory solution for all the parties involved. >> this market watcher says the aim is to delay a greek default until europe can cope with the better. >> if there was a default, does it mean there will be a run on french banks or german banks will need to be recapitalized? the problem politicians have is they have to please the electorate at home. we have already seen it in finland -- government is getting voted out because the populations are unhappy having to put their hands in their pockets and having their taxes raised to pay for countries like greece and portugal and ireland. >> persuading lenders to share the pain will only slightly reduce the potential bill for euro ministers who have to agree to a further great bailout almost as large as the first one. >> let's move on -- or stay with europe. the european union trade commission described it
germany's institutions confirmed they will help to the tune of 3 billion euros. k chief has been working on a plan. >> we are taking the french bases of a model of building and modifications. we hope we will find a satisfactory solution for all the parties involved. >> this market watcher says the aim is to delay a greek default until europe can cope with the better. >> if there was a default, does it mean there will be a run on french banks or german banks will need to be...
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Jul 26, 2011
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on average, women spend around 850 euros on clothing last year. men around half that amount. >> that is all from the business desk at this hour. do stay with us. captioning sponsored by macneil/lehrer productions >> brown: it's a time of high brinckmanship and high stakes in washington over the debt talks. good evening, i'm jeffrey brown. >> and i'm gwen ifill. in just a few moments president barack obama will address the nation from the east room of the white house it will be the 7th time he has done so since taking office. >> brown: front and center tonight, the administration's charged and tense negotiations with congressional republicans over the country's 14 trillion dollar debt ceiling, the amount the federal government is allowed to borrow with a looming deadline of august 2nd, and the threat of a potential first ever default. we'll carry the president's speech in its entirety as well as a response that will follow from speaker of the house john boehner. his direct negotiations with the president broke down last friday. we have reached this
on average, women spend around 850 euros on clothing last year. men around half that amount. >> that is all from the business desk at this hour. do stay with us. captioning sponsored by macneil/lehrer productions >> brown: it's a time of high brinckmanship and high stakes in washington over the debt talks. good evening, i'm jeffrey brown. >> and i'm gwen ifill. in just a few moments president barack obama will address the nation from the east room of the white house it will be...
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and euro debt fears, we've seen the price of gold rise about 7.4%. you know, it's just been three months since we've seen the price of gold go from $1,500 to almost hitting $1,600. you see it hitting past that mark, very, very soon if the debt problems aren't resolved very quickly. >> ramy, the man with the finger on the pulse. tharmg you very much. here's nina. hopefully you can tell us what we can expect in the u.s. >> that's right, monita. it seems the trend is in the opposite direction of gold. they're poised for a lower open. take a look. we've got the s&p 500 trading down the most, nearly down the most. actually it's the nasdaq composite that's down a tenth of a percent more than that. those two markets down between 0.7% and 0.8% at noemt. mow nisha. >> you're watching "world business today." we're going to find out how they want their representatives to end the deadlock in washington. with your mortgage, want to avoid foreclosure. candy? um-- well, you know, you're in luck. we're experts in this sort of thing, mortgage rigamarole, whatnot. why
and euro debt fears, we've seen the price of gold rise about 7.4%. you know, it's just been three months since we've seen the price of gold go from $1,500 to almost hitting $1,600. you see it hitting past that mark, very, very soon if the debt problems aren't resolved very quickly. >> ramy, the man with the finger on the pulse. tharmg you very much. here's nina. hopefully you can tell us what we can expect in the u.s. >> that's right, monita. it seems the trend is in the opposite...
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of for teen -- the battle of berlin, 14 euros. some of these people have spent their entire life listening to the nazi ideology. so it wasn't surprising that they were in viewed with a. not too though of course with men further on up the military scale. it wasn't of course until 1944 that they let off a bomb successfully, the german generals let off a bomb successfully. that the detroit area occasions, and they are obvious a tremendous a great and fantastically greatest group of people that people knew, in a particular bomb plot, quite a large the german officer corps and the german general staff and service which german generals themselves were a very ambitious group who were quite willing to out maneuver each other, they were quite willing if one was sacked, to jump into his place. they took large amounts of cash, money from adolf hitler in poland and so on. the gentleman in the back of there. >> you raise the question in the literature up to this talk about why the panthers were held back, and have trees, i never heard that. >>
of for teen -- the battle of berlin, 14 euros. some of these people have spent their entire life listening to the nazi ideology. so it wasn't surprising that they were in viewed with a. not too though of course with men further on up the military scale. it wasn't of course until 1944 that they let off a bomb successfully, the german generals let off a bomb successfully. that the detroit area occasions, and they are obvious a tremendous a great and fantastically greatest group of people that...
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Jul 29, 2011
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communist country in the euro. i can tell you many examples about that. [inaudible] >> what? yes, we must avoid that. [laughter] the thing is i can give you a number of examples. for example, a number of tax today is the same with in 1971. that's 40 years. do you know how may times the gdp has increased been? and a number of all these liberalized, for example. so the impact of the regulation, the economy is the first source over and above the average of the euro zone. the second thing is greece is a country with greatest state ownership and intervention, public intervention in europe. now, by selling all these assets we are, apart from reducing sovereign debt, we are introducing efficiency also and a common. no other country in europe has advantage that greece has. then for example, we have lowest label of participation in europe. i mean, i think between six or seven percentage points, lower than the average in the e.u. give you for factors that i think contribute. we have the largest underground economy. why this
communist country in the euro. i can tell you many examples about that. [inaudible] >> what? yes, we must avoid that. [laughter] the thing is i can give you a number of examples. for example, a number of tax today is the same with in 1971. that's 40 years. do you know how may times the gdp has increased been? and a number of all these liberalized, for example. so the impact of the regulation, the economy is the first source over and above the average of the euro zone. the second thing is...
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Jul 26, 2011
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we need an amount of 28 billion euros by july, 2014. for financial reasons but also structural reasons >> we have also a second stage, additional amount of 22 billion year rose to the two -- euors until 2015. the second stage is also very important for financing the new debt. this new mechanism under the auspices of the esf is an important mechanism because we need to cut the nominal burden of our public debt and it's also very fractional. i can make the distinction between privatization of the entities of the so-called public companies or of public rights and to the privatization. because the property of the state. we have estimations and a very big real-estate property of private entities and this field of the real estate is important for the foreign investors increased, the accommodation with our main sectors of the economy and tourism but also for energy and the program is a very attractive and also we organize new fields, we can prepare new offers. we have -- we take the role because in order to construct a new market is absolutely
we need an amount of 28 billion euros by july, 2014. for financial reasons but also structural reasons >> we have also a second stage, additional amount of 22 billion year rose to the two -- euors until 2015. the second stage is also very important for financing the new debt. this new mechanism under the auspices of the esf is an important mechanism because we need to cut the nominal burden of our public debt and it's also very fractional. i can make the distinction between privatization...